Direct materials variances Alvarado Company produces a product that requires five standard pounds per unit. The standard price is $7.50 per pound. If 4,400 units used 22,900 pounds, which were purchased at $7.88 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance 000

Direct materials variances Alvarado Company produces a product that requires five standard pounds per unit. The standard price is $7.50 per pound. If 4,400 units used 22,900 pounds, which were purchased at $7.88 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance 000

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Description: Direct materials variancesAlvarado Company produces a product that requires five standard pounds per unit. The standard price is $7.50 per pound. If 4,400 units used 22,900 pounds, which were purchased at $7.88 perpound, what is the direct materials

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 1BE: Direct materials variances Bellingham Company produces a product that requires 2.5 standard pounds...

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Direct Materials Variances 1.-Bellingham Company produces a product that requires 14 standard pounds per unit. The standard price is $8.5 per pound. If 2,400 units used 32,300 pounds, which were purchased at $8.93 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $fill in the blank 1 Favorable/Unfavorable b. Direct materials quantity variance $fill in the blank 3 Favorable/Unfavorable c. Direct materials cost variance $fill in the blank 5 Favorable/Unfavorable
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Direct Materials Variances Bellingham Company produces a product that requires 15 standard pounds per unit. The standard price is $7 per pound. If 3,100 units used 44,600 pounds, which were purchased at $7.21 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance ? Unfavorable b. Direct materials quantity variance ? Favorable c. Direct materials cost variance ? Favorable
Direct Materials Variances Alvarado Company produces a product that requires 12 standard pounds per unit. The standard price is $4.50 per pound. If 3,000 units used 37,400 pounds, which were purchased at $4.32 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance 6,732 Unfavorable
Direct Materials Variances Bellingham Company produces a product that requires 11 standard pounds per unit. The standard price is $11.5 per pound. If 2,300 units used 26,100 pounds, which were purchased at $11.04 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance b. Direct materials quantity variance C. Direct mnaterials cost variance